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IMF Says It Backs Nigeria With $6.8billion Emergency Credits In 2020/2021

International Monetary Fund (IMF) says it supported Nigeria with $6.8 billion in 2020 and 2021 to support the economy.

IMF country representatives in Nigeria, Ari Aisen, announced this at the American business council economic update.

According to him, $3.4 billion was disbursed in 2020 to support Nigerian economy to face the harsh effect of Covid 19 pandemic.

Also in 2021, the fund said it gave another $3.4 billion to assist the Central Bank of Nigeria (CBN) to boost Nigeria’s dwindling external reserves.

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